From the category archives:

Real Estate Basics

FHA 90-Day Rule Update

January 17, 2010

First, thanks to the 40 or so people who sent me email about the pending changes to the FHA 90-Day Flipping Rules. And I mean that with all sincerity — I truly appreciate when my readers and colleagues keep me updated on what’s going on in the real estate world. In fact, I [...]

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Fannie Mae: New REO Rules

November 4, 2009

There are plenty of rules and regulations in real estate that make being an investor difficult…unfortunately, as of a couple weeks ago, there’s now one more…
It’s been several weeks since we submitted any offers, but as I mentioned the other day, we are in the process of going after about a half-dozen houses this week. [...]

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Getting Your License

September 28, 2009

Given the number of times I’ve been asked whether I think getting a real estate license is a smart move, I thought it was time to address the topic in an article.
So, if you’ve been wondering about the benefits and drawbacks of getting your license to benefit your real estate investing business, you might want [...]

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Lonnie Deals

September 10, 2009

While this site is primarily geared towards flipping houses, I like to use the blog to highlight all the real estate activities of our business, even those that don’t necessarily have to do with rehabbing or flipping. And we’re planning to start branching out just a bit…
For those not familiar with the concept, there’s [...]

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Responding to Seller Questions

August 21, 2009

I only buy bank-owned foreclosures, and as such, I buy all my properties right off the MLS. But, many (probably most) investors look to take advantage of all the sellers in this market who are desperate to get rid of their homes, either because of a difficult financial situation or a life change (divorce, [...]

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Contractor or Employee?

July 23, 2009

One of the most important aspects of protecting your flipping business against lawsuits and IRS audits is to properly classify your workers as either Employees or as Independent Contractors.
If you want more information on this topic, check out our latest article in our Flipping Education section:
Employee vs. Independent Contractor

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Building a Buyers List

June 27, 2009

Starting out in real estate a relatively short time ago, it’s been reassuring to find other investors out there who are also working to build their businesses and become successful investors in the face of tough economic times and a tough real estate market. One of those people is Scott Costello, an up-and-coming wholesaler [...]

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Estimation Workshop – July 18

June 14, 2009

We had two very successful Rehab Estimation Workshops these past two weekends, both filled to capacity (8 people)…
Based on the feedback from the attendees, I have decided to host another event on July 18 — and perhaps another in August if there is enough interest.
So, if you’re in the Atlanta area, and want to learn [...]

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Rules for Managing Contractors

June 8, 2009

Managing contractors can be the most difficult part of this business. If you’ve had problems with contractors in the past, or just want to avoid them in the future, take a look at our newest article:
6 Rules For Managing Your Contractors
Have any other great rules for managing your contractors that I didn’t capture here? [...]

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Rules for Contingencies

June 4, 2009

In an earlier post, I linked to my article on “What Are Contract Contingencies” and mentioned that I’d be posting Part 2 of that article shortly…
Well, here is it: 4 Rules For Using Contingencies
Let me know if you have any feedback or anything else to add on the subject!

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